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USD/CAD: technical analysis 16 July 2019, 11:19

USD/CAD: technical analysis 16 July 2019, 11:19 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.303...

Feb 11, 2019

Apple Inc.: wave analysis 11 February 2019, 08:33


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 170.47
Take Profit 184.80, 194.30
Stop Loss 156.45
Key Levels 130.00, 150.59, 184.80, 194.30
Alternative scenario
Recommendation SELL STOP
Entry Point 150.50
Take Profit 130.00
Stop Loss 157.35
Key Levels 130.00, 150.59, 184.80, 194.30
The price may grow.
On the 4-hour chart, a downward correction formed as the wave (4), shaped as a zigzag with the lengthened wave C of (4). Now the formation of the fifth wave (5) has begun, within which the first wave of the lower level i of 1 of (5) is developing. If the assumption is correct, the price will grow to the levels of 184.80–194.30. In this scenario, critical stop loss level is 150.59.


Main scenario
Long positions will become relevant during the correction, above the level of 150.59 with the targets at 184.80–194.30. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 150.59 will let the price go down to the level of 130.00.

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